Long-term Bitcoin (BTC) holders have started selling their holdings to a wave of new investors, sparking a fresh surge in the cryptocurrency’s price and realized capitalization. Per an April 2 analysis report from Glassnode, Bitcoin’s recent rise in price discovery above new all-time highs has tempted holders who were already high into profits to distribute to a fresh investor cohort. Glassnode employs the Realized Cap metric, which logs the transaction price for each Bitcoin to determine the proportion of holders making a profit or a loss. The metric has reached an all-time high (ATH), indicating a significant market milestone, according to Glassnode.